Skip to main content

Featured Post

Atlantic Yards/Pacific Park infographics: what's built/what's coming/what's missing, who's responsible, + project FAQ/timeline (pinned post)

As of Feb. 20, 461 Dean was 19% leased: 69 apartments (though probably more below-market)

So, how full is 461 Dean (aka B2)? According to Forest City Realty Trust's Form 10-K annual report, issued yesterday and submitted to the Securities and Exchange Commission, it was 19% leased, as of a week earlier, 2/20/17.

The building has 363 units, so that means 69 apartments. However, since leasing started first for the "affordable" units, which represent half the building, it's likely that a disproportionate number are below-market. Forest City Ratner surely worries more about leasing up the market-rate units to deliver returns.

Comments